Governance of sustainability

Code of Ethicsi

The Code of Ethics  was approved by the Board of Directors on December 21, 2006. The result of internal reflection that involved the top and first-line management, it is the highest reference for identifying the sustainability issues that are significant for Terna and defining internal policies and guidelines.

One of the commitments expressed in the Code is to provide evidence in the sustainability report of the implementation of the Company’s environmental and social policy, as well as a comparison of the objectives with the results achieved.

At the end of 2009, in concurrence with the installation of the Ethical Committee – a body available to anyone, inside Terna or not, who wishes to obtain explanations or make a report on the subjects discussed in the Code of Ethics – Terna promoted a campaign throughout the Company to disseminate the Code and its contents.

The Global Compact

On December 16, 2009, the Board of Directors resolved that the Company should subscribe to the UN’s Global Compact. This adhesion marks Terna’s renewed and consolidated commitment to observe the 10 Global Compact’s principles on human rights, labour, the environment, and the prevention of corruption, which are already explicitly referred to in the Code of Ethics as a general benchmark for Terna’s initiatives regarding sustainability and Corporate Social Responsibility.